PIMCO Income Strategy Fund Declares Monthly Dividend of $0.08 (NYSE:PFL)

PIMCO Income Strategy Fund (NYSE:PFL) announced a monthly dividend on Friday, May 1st. Investors of record on Monday, May 11th will be paid a dividend of 0.0814 per share by the investment management company on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, May 11th.

PIMCO Income Strategy Fund Trading Up 0.4%

Shares of PFL stock opened at $8.06 on Friday. The stock has a 50 day simple moving average of $8.07 and a 200 day simple moving average of $8.29. PIMCO Income Strategy Fund has a 1 year low of $7.60 and a 1 year high of $8.70.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter valued at approximately $29,000. Highline Wealth Partners LLC boosted its stake in shares of PIMCO Income Strategy Fund by 1,114.3% in the fourth quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock valued at $36,000 after buying an additional 3,900 shares during the period. Sprinkle Financial Consultants LLC bought a new stake in shares of PIMCO Income Strategy Fund in the first quarter valued at approximately $80,000. CoreCap Advisors LLC boosted its stake in shares of PIMCO Income Strategy Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after buying an additional 1,700 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of PIMCO Income Strategy Fund in the first quarter valued at approximately $94,000.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.